Vacant Building Coverage

| Vacant Building Insurance.

Hidden in plain sight in nearly every property insurance policy is a provision that limits or removes coverage if a building is vacant. Some policies remove coverage for certain perils, such as vandalism, sprinkler leakage, water damage, glass breakage, and theft or attempted theft (CP0010). To address this vacancy provision in the policy form, you… Read more »

The Vacancy Clause

| Business Insurance, Homeowners Insurance, Insurance education, Vacant Building Insurance.

Insurance companies have long recognized that they are assuming a greater risk by covering vacant property.   The longer a building sits empty, whether it be a home or commercial building, the greater the chance it will be vandalized, have an undetected water leak or even suffer a fire.  The Las Vegas area certainly has no shortage… Read more »